ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Sunshine State Leads Retail Investment: Cushman & Wakefield

15275761_l_620x380

Foreign investment in retail was particularly strong quarter-on-quarter, rising to $533 million in total volume, according to Cushman & Wakefield research.

Retail investment totalled $1.1 for the first quarter – up 23% on the same period last year, according to the research, with Queensland representing the most "attractive" destination – 43% ($457m) of the national investment volume.

Screen-Shot-2017-04-07-at-11.56.34-AM.png

New South Wales and Victoria recorded $262m and $221m, both below respective longer-run averages, as limited available stock was on the market. Foreign investment rebounded to $533m, up from $297m in Q4 2016.
Retail Overview
In December 2016, Moving Annual Turnover (MAT) grew 3.4%, though continued the downward trend from a peak of 5.7% in late 2014. Turnover growth has been limited by weak employment and income growth though consumer sentiment has bounced back to 99.6 reflecting a more positive attitude towards national economic growth.
Investment Overview
Retail investment remained robust in Q1 2017 with a total of $1.1bn, up 23% on the same period last year. Queensland proved the most attractive destination, accounting for 43% ($457m) of the national investment volume. Foreign investment rebounded strongly in Q1 2017 to $533m, up from $297m in Q4 2016.
2017 Outlook
Retail property’s relative value proposition and competition to secure assets - a trend during 2016 - continues into 2017. But the company said it expects more stock to enter the market as "established owners sell non-core assets to recycle capital into existing assets."

ADVERTISEMENT
TOP STORIES
CONTRIBUTE TO THE CONVERSATION
Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: https://theurbandeveloper.com/articles/queensland-leads-retail-investment-cushman-wakefield